Sunday, July 15, 2018

 

News Links, July 16, 2018

## Global Ponzi meltdown/House of Cards/global cooling/deflationary collapse ##
Although governments don't fully understand what they're doing, the main purpose of the debt is to compensate for net energy decline. Unless some new, cheap, and highly dense form of energy (renewables obviously do not fill the bill) is discovered to replace fossil fuels, net energy will continue to decline, and debt will continue to rapidly accumulate. -- RF
The U.S. economy is nothing more than an exploitive jumble of rackets, insider plundering and gangster capitalism. $8 per vial competing developed-world nations and $38,892 in the U.S. That says it all.
"Reverse-Yankee" Junk Bond Issuance Hits Record
"Big Four" Audit Oligopoly Strikes Back at Plans to Break it Up
Auditors are still not auditing banks properly despite the crippling costs of the last banking crisis.
Retirement is becoming more and more expensive – and future generations may have to abandon the idea altogether. So what kinds of jobs will we do when we're old and grey? Will we be well enough to work? And will anyone want to employ us?
How Amazon Rules
It owns 33% of the internet "cloud," 49% of US e-commerce, and is elbowing into other sectors.

## Fault lines/flashpoints/powder kegs/military/war drums ##
U.S. To Slap Sanctions On All Iranian Oil Buyers
Salvini: It Will Take 50 Years To Expel 500,000 Illegal Migrants From Italy

## Global unrest/mob rule/angry people/torches and pitchforks ##
Police End Protests At Iraq's Southern Oil Fields
Iraqi police have managed to impose control over protesters at some of Iraq's biggest oil fields in the south, who had been demanding that companies running the fields hire local people instead of foreigners and Iraqis from other regions.
'Together Against Trump', thousands protest peacefully in London
Public anger grows, Iraqi protesters take over Najaf airport
Public anger over the lack of basic services and high unemployment is growing in Iraq as protests that have raged in the southern province of Basra this week spread northwards on Friday. 

## Energy/resources ##
No End In Sight For Venezuela's Oil Crisis
That's up from $56 a year earlier, according to a survey of firms released Friday by the Kansas City Fed, which serves all or parts of seven states from Nebraska to New Mexico.
This seriously threatens to monkeywrench the US plan to topple Iran's current government, install an America-friendly regime a la 1953, and lock down Iran's oil. -- RF

Tainted McDonald's salads sicken people in another four states
The Bug Burger: The future of tomorrow

## Solutions ##
Would we be happier as hunter gatherers than farming?

## Environment/health ##
Half of Americans trying to slim down
But no one questions the wisdom of building residential communities "on top of bayous, marshes and swamps, allowing alligators to live dangerously close to small children and pets." Just where are alligators and other nonhuman species supposed to live? -- RF
Superbugs Win Another Round as Big Pharma Leaves Antibiotics
The fight against life-threatening infections suffered another blow when one of the world's biggest drugmakers waved the white flag.

## Intelligence/security/internet/cyberwar ##
FBI agent Peter Strzok may be soon "thrown under the bus" in the ongoing investigation into Clinton's emails and his alleged role in the Russia-gate investigation.
How GPS can track you, even when you turn it off
A team of Northeastern University researchers recently found a way to track people with cellphones with GPS capabilities turned off.
Memo to the President Ahead of Monday's Summit (Ray McGovern and Bill Binney)
Forensic studies of "Russian hacking" into Democratic National Committee computers last year reveal that on July 5, 2016, data was leaked (not hacked) by a person with physical access to DNC computer. After examining metadata from the "Guccifer 2.0" July 5, 2016 intrusion into the DNC server, independent cyber investigators have concluded that an insider copied DNC data onto an external storage device.

## Propaganda/censorship/fake news/alternative facts ##
Facebook Purges Over 80 Accounts in Sweeping Attack on the Alternative Media

It's a sign of the gradual Chinese absorption of Japan into its economic zone. -- RF
Supermarkets and department stores are increasingly curbing sales of eel products on the back of a continued decline in catches of baby Japanese eels for farming and concerns about the extinction of the species.
In a remote corner of China, Beijing is trying to export its model by training foreign officials the Chinese way
Academy near border with Vietnam gives training such as how to 'guide public opinion' online and how to alleviate poverty in a 'targeted' way

## UK ##
Imagining an Economy That Serves the 99%
Those who benefit most from the status quo spend a lot of money to persuade the rest of us that this – an economy that serves the top 1% — is good for us and, in fact, the best we can do




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